It’s Summertime, Are You Covered?

It’s summer and boy are we excited! The nice weather brings out motorcycles, campers and boats (oh my!), but with these activities comes increased liability. Take a look at why you should cover your summer toys:

  • Boat Insurance coverage may help pay to repair your boat and other watercraft after being damaged in an accident. It may also help pay to replace your boat if it’s stolen. This coverage usually helps protect a boat whether it’s on water or land.
  • RV Insurance covers similar risks to auto insurance, including collision, comprehensive and liability coverage. You can also get additional protection for your personal belongings on board, equipment and attached accessories.
  • ATV Insurance offers protection in the event of a collision or other damages. It also includes bodily injury and damage to the property of others, if you are at fault in an incident. It can pay for legal expenses, as well as the medical costs of other people and the lost wages.
  • Motorcycle Insurance will help you keep your bike or scooter protected under liability coverage. Required in most states, liability coverage can help pay for another person’s medical bills or property repairs if there is an incident while riding your scooter or motorcycle.
  • Umbrella Insurance keeps you from having to pay out-of-pocket for costs that exceed the limits of your homeowners’ policy. This can be beneficial, for example, regarding accidental injuries on a trampoline or involving a swimming pool on your property.

 

Questions? Want to learn more? Here’s 4 easy ways to reach us:

Phone: 877-994-6787
Email: insure@siaonline.com
Text: 951-482-8144
Web: www.siaonline.com

PS Here’s a few words from one client that trusts Stromsoe Insurance Agency:
“I had a good experience with this umbrella insurance query. Sarah Long is our agent and she always treats us as though we are her family- that is, with the best of care and attention.”       Anita Born – Murrieta, CA – Client Since 2003

PPS Every policy is backed by our iron clad, 100% complete satisfaction guarantee. Ask for your copy today!

The Importance of Personal Umbrella Insurance

Even if you have excellent auto insurance, you aren’t covered for everything. Many liability settlements are for $1 million or more. Most policies do not provide this limit of protection, but that’s where a personal umbrella policy kicks in.

If you drive often, have a great deal of assets, or have young drivers in the house, a usual policy can only take you so far. The same goes for your home! Pools, trampolines and dogs can all lead to incidents where a normal policy will only take you so far. However, an Umbrella Policy can provide you with extra liability coverage to protect against expensive and freak accidents. So what are some of the scenarios in which you should have an umbrella policy?

Why We Personally Recommend a Personal Umbrella Insurance Policy

Frequently Entertain in Your Home

No matter how cautious you try to be, injuries still happen — and if you regularly host others in your home, the risk of incident grows. For example, lets imagine that you decide to host a holiday party in your backyard.  Your coworker’s husband has a few too many drinks and as he is leaving your property for the night, he slips on your front step and hits his head. You could be responsible for their medical bills, lost wages and pain and suffering if they decide to sue you. Even if you have done everything right, you could end up paying a great deal for a lawyer to defend you in court. Where your homeowners policy stops, your umbrella policy would kick in.

A Pet

It is estimated that upwards of 2 million bites happen every year, from dogs alone! The most likely place for these attacks to happen is in the home, raising your risk if you have a pet. The average cost per dog bite claim has increased over the years, making umbrella insurance a worthwhile investment if you have a pet at home.

A Swimming Pool on Your Property

You can be held accountable for any medical expenses a guest sustains due to an injury at your pool. This is in addition to the attorney’s fees that you accrue to defend if they sue for damages. Your umbrella coverage will increase your risk protection beyond the boundaries of your homeowners’ policies in this situation.

stromsoe-insurance-agency-blog-graphic-personal-umbrella-insurance-pool

A Teen Driver at Home

Your teen has an increased risk of incident on the road while they are gaining confidence in their driving abilities. According to the CDC, six teens aged 16-19 died every day due to motor vehicle crashes, and hundreds more were injured in 2017 which means their risk of an incident is higher than that of an adult. Protect yourself and your family against this increased financial risk by having an umbrella insurance policy in place.

A High Net Worth

You have put a great deal of work into to building your assets. Income, home, real estate investments, retirement accounts and savings. Once someone else experiences a simple accident or mistake that causes harm, it could all be at risk. Having an Umbrella Policy in place can protect you and your assets from these types of incidents.

How Stromsoe Insurance Agency Can Help

You don’t have to be a millionaire to get taken to court and sued like one. Umbrella Insurance is an absolutely crucial part of any solid insurance package, whether you are an individual or business owner. Contact one of our friendly, helpful agents to help you learn more about your various coverage options, decide what is best for you and your family and receive your complete coverage review, as well as your free California umbrella insurance quote today!

 

Questions? Want to learn more? Here’s 4 easy ways to reach us:

Phone: 877.994.6787
Email: insure@siaonline.com
Text: 951-482-8144
Web: www.siaonline.com

PS Here’s a few words from one client that trusts Stromsoe Insurance Agency:
“We are extremely pleased with the prompt service we receive. I can call anytime, never placed on hold or had to wait for a return phone call. We are an older couple and at times do not understand the ins and out of really good coverage, so with [the team’s] help we feel comfortable with our home, cars and umbrella policies, I feel protected & safe!”
Phil & Mary Jean Marsh – Client since 2005

PPS Every policy is backed by our iron clad, 100% complete satisfaction guarantee. Ask for your copy today!

Why We Personally Recommend a Personal Umbrella Insurance Policy

Here’s a closer look at what umbrella insurance can do for you.

You’ve worked your whole life and have done quite well for yourself. You have a home, a car, support a family, and maybe even have a boat or a vacation property. But your security is something you shouldn’t take for granted. All of these things could be at risk under the unfortunate situation that you get into a lawsuit.

Hope for the best, plan for the worst.

Car accidents are an upsetting reality. They do happen and there can be major damages. If you cause an auto accident, you need to be covered. Your auto policy could possibly not cover all of the property damage, injuries, and subsequent lawsuits. An umbrella policy will cover you for these things once you max out the limits of your auto policy.

Lawsuits happen.

Someone may have an accident on your property or sue you for the injury. It’s not at all uncommon when someone trips on a loose step or slips by the pool. When you hit the liability limits of your homeowners insurance, an umbrella policy gives you extra coverage for just this sort of event.

How does it work?

Many people don’t know how an umbrella policy actually works. Well, it’s simple. Something happens. An auto accident, you are sued, etc. Your umbrella policy is protection that kicks in after your home or car insurance when the amount you must pay exceeds what your policy covers. It can cover a wide variety of liability situations. The typical policy covers anywhere from an $1 million to $10 million. Umbrella coverage is also very affordable!

Don’t take it for granted.

Be sure and take a look at your umbrella policy from time to time to see to what extent and under what circumstances you are covered. It may surprise you. It’s better to be surprised now so you can update your policy than when it’s too late.

For all of your umbrella insurance needs throughout California, contact Stromsoe Insurance Agency.